For this post, i would like to present the review of MGFunds.com or the Mark Goodman Funds one of the newly joined Investment program, that launched in the forums, on 9 th of January.
The Investment Plans :
MGFunds.com offers a single medium term investment plan, that runs for 45 calendar days, offering a daily interest of 3% of the deposited principal. The investment amount made in this single plan at MGFunds.com , is included within the daily returns, thus promising a total return of 135% after 45 calendar days.
The break-even point, if you calculate comes at 34 th calendar day, that is by the 34 th calendar day of the investment plan, you will recover the deposited principal, and by the 35th calendar day, start earning the profits.
The minimum deposit, to invest in this plan, has been fixed at $30, although not too low, yet not very high, either. We have seen, quite a few of HYI Programs, that have done exceptionally well, with minimum deposits, even higher than that. Therefore, personally, i do not feel, a minimum deposit of $30 will be a hindrance in the growth of this particular program, if MGFunds.com can gain the confidence of the HYIP investors, by keeping the basics right.
The maximum investment permitted is $10,000 per active investment. For informational purposes,three active investments are allowed, at one point of time.
Let’s take the example of an investment of $100, in the medium term plan of MGFunds.com, that promises daily returns of $3, with the total return, at the end of 45 calendar days, being $135 .
Withdrawal requests:
The withdrawal requests are processed manually, and the minimum amount that you can request s $3. The management has mentioned in their FAQ page, that the withdrawal requests are to be processed within the maximum of 48 business hours [ Withdrawal requests are not processed at the weekends]. Another point, that has to be remembered in this respect, is a fee associated with withdrawal transactions.[ Withdrawal fee – 1.5%].Although, till now, the withdrawal requests have been processed much earlier, than the maximum time mentioned.
Payment Processors:
MGFunds.com has certainly , scored a point in this aspect, as the payment processor portfolio ofMGFunds.com , will hardly leave any HYIP investor dissatisfied. Namely, the e-currencies available for transactions are LibertyReserve, PerfectMoney, GlobalDigitalPay and the verified ones, that is AlertPay and SolidTrustPay.
Support:
Apart from the usual online support forms, Skype has also been included to for providing investor support.
Site Design, Hosting , Security features:
As already mentioned before, if you need two words that can best describe, MGFunds.com site, it probably will be ‘Simple and professional’. MGFunds.com site runs on a customized script, with a hassle free navigation. The site design is not much flashy, but definitely is soothing and simple.MGFunds.com is hosted on a dedicated server by BlackLotus, with Ddos protection also offered by the same. SSL Encryption, by AlphaSSL, has also been incorporated. Overall, certainly all the security measures, have been included.
Promotional measures:
Well, you must have noticed MGFunds.com somewhere. The concerned management is definitely carrying out extensive promotions in various forums and monitors.I noticed almost 100 monitors in their ratings page.
HYIP Analysis:
The positives:
1. MGFunds.com has been able to create a very professional aura [ Particularly, by its prompt reply to support tickets, and prompt processing of the withdrawal requests.]
2. The Medium term plans, where the deposited principal is recovered within a short period, is preferred by a major section of HYIP investors.Probably,that will be a reason,that will be helpful, in maintaining the all important cash flow.
3. Payment processor portfolio, that includes almost all the popular options, i guess, will increase the investor acceptability.
4. Customized script, Ddos protection, SSL Encryption that we expect from a promising program, has all been included.
5. About, Alexa traffic graphs, as most of my friends already know, i am not a believer of Alexa, as it is one of the measures, that can be easily faked.
The negatives:
The only negative, probably is the withdrawal fees, which may not be liked by some HYIP investors. On the other hand, it adds to the professional aura, that MGFunds.com has been able to successfully create so far.
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